QP Wealth Management LLC Makes New $1.02 Million Investment in Invesco QQQ $QQQ

QP Wealth Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,662 shares of the exchange traded fund’s stock, valued at approximately $1,021,000. Invesco QQQ makes up approximately 0.9% of QP Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Jupiter Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter valued at $290,000. Wealth Group Ltd. lifted its holdings in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Howe & Rusling Inc. boosted its position in shares of Invesco QQQ by 24.0% in the 2nd quarter. Howe & Rusling Inc. now owns 718 shares of the exchange traded fund’s stock valued at $396,000 after purchasing an additional 139 shares during the period. Institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Price Performance

Shares of QQQ opened at $582.06 on Friday. The business’s 50-day moving average price is $610.46 and its 200 day moving average price is $609.19. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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